Huntington Bank Named Nation’s Largest SBA Lender
Lends to approximately 4,183 Midwest businesses to help create jobs
COLUMBUS, Ohio--(BUSINESS WIRE)-- Huntington Bank is the nation’s largest lender in the number of 7(a) loans for the Small Business Administration (SBA) fiscal year that ended September 30, 2014, Huntington announced today. Huntington made 4,183 SBA loans in its six-state footprint, an increase of 37 percent over last year when the bank was the third largest lender in the country.
“Small businesses create more than 60 percent of all new jobs, making our communities healthier and more vibrant,” said Huntington Business Banking Director Deborah Stein. “Huntington has long been committed to supporting business growth as a key way to strengthen our local economies in our markets. Huntington has moved from the 11th largest SBA lender in 2008 to the largest today.”
The number of businesses Huntington’s SBA lending has helped in each state during fiscal year 2014 includes:
- Ohio: 2,368 loans totaling $286 million
- Michigan: 1,098 loans totaling $163 million
- Indiana: 316 loans totaling $46 million
- Western Pennsylvania: 234 loans totaling $35 million
- West Virginia: 78 loans totaling $12 million
- Kentucky: 80 loans totaling $7 million
Huntington Bancshares Incorporated is a $64 billion asset regional bank holding company headquartered in Columbus, Ohio. The Huntington National Bank, founded in 1866, and its affiliates provide full-service commercial, small business, and consumer banking services; mortgage banking services; treasury management and foreign exchange services; equipment leasing; wealth and investment management services; trust services; brokerage services; customized insurance brokerage and service programs; and other financial products and services. The principal markets for these services are Huntington’s six-state retail banking franchise: Ohio, Michigan, Pennsylvania, Indiana, West Virginia, and Kentucky. The primary distribution channels include a banking network of more than 700 traditional branches and convenience branches located in grocery stores and retirement centers, and through an array of alternative distribution channels including internet and mobile banking, telephone banking, and more than 1,500 ATMs. Through automotive dealership relationships within its six-state retail banking franchise area and selected other Midwest and Northeast states, Huntington also provides commercial banking services to the automotive dealers and retail automobile financing for dealer customers.
Member FDIC. The logo mark and Huntington® are federally registered service marks of Huntington Bancshares Incorporated.
Huntington Bancshares Incorporated
Michael K. Sherman, 614-480-6114
Maureen Brown, 614-480-5512
Source: Huntington Bancshares Incorporated
Released October 17, 2014